Lost Your Spouse? Be Aware of Major Financial Changes

Losing your spouse can take a devastating toll on you personally. It’s a new schedule, grieving a loss, and trying to figure out what life looks like for you now. It’s also easy to fall into a new relationship with time since grief looks different for every person. As time goes by, there’s also the risk of financial challenges if you don’t take the effort to work with your financial team. If life now looks different, you might need a new financial plan, too.

Seemingly minor things that are overlooked in the immediate aftermath could turn into big problems if ignored long enough. The average age of a widow is 59, meaning that important planning opportunities must be put into place right away since women may live many years beyond this.

Here are some major changes for widows to be aware of right after losing a spouse: